runner up

Runner-Up Home Buyer Lament: “But, I Would’ve Gone Higher!”

“Highest & Best,” Defined [Note to Readers: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced. If you need legal advice, please consult an attorney.] One of the more anguished — and fruitless — laments uttered by Buyers who just found...
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“Once Bitten, Twice Shy?” Not in the Housing Market

Runner-Up Buyers “Once bitten, twice shy” may be true in romance, but it definitely does not apply in residential real estate. At least, that seems to be the case in housing markets with scarce inventory and rising prices — true in many parts of the country now, including the Twin Cities. More Aggressive On the contrary, would-be...
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Runner-Up Buyer Protest in Multiples: “But, I Would’ve Gone Higher!!”

The Consequences of “Highest & Best” in Multiple Offers, or, “Woulda Coulda Shoulda” With tight inventory and the prospect of multiple offers returning to various Twin Cities neighborhoods, it’s a certainty that at least one local home Buyer this Spring — upon hearing they came up short in multiple offers — will protest, “But, I...
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“and the Grammie for Best Documentary Goes to . . . “

Happy Mother’s Day! Wait a second –– don’t documentaries win Oscars and Emmy’s, not Grammy’s? Yes, but I was referring to a “Grammie” — the recognition and support a grandson receives from his grandmother for his role in a school project, a terrific documentary on the devastating 1889 Johnstown Flood. In truth, the participants (including my 14 year-old...
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Election Semantics: Finishing Second vs. “Failing”

“And the Oscar White House Goes to . . .” What do you call the person who finishes last in their medical school class? Answer: “Doctor.” –old joke. If Mitt Romney wins today’s election, he is, of course, President. If he loses? Like other runners-up (Minnesota’s Walter Mondale, Al Gore, John McCain, etc.), he is...
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